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Showing up 58% today 8% spread. the ask is 2.8p. now above June 2023 placing price of 2.5p.
Can not see any news .
It had dropped back to 1.65p yesterday .
Did anyone post a buy ?
Showing up 52% today 14% spread. the ask is the same as June 2023 placing price of 2.5p.
Looks on chart that it fell back Friday 1st December to 1.55p.
Out and about much more this last 8 months maybe just as well not looking every day .
I own 4 of the top 5 risers shown here today I hope many weeds will now flower .
Hopefully it has been hedge funds , wealthy trades bucking the AIM market last few years .
Maybe you can not buck even the AIM market forever .
This was 0.9p for the last week ( was new low )
Up 57% today it is the top of the stocks now... *1.8p , and no news.
Nearly back to my placing price last top up at 2.5p.
Hindsight shows I should of gambled even more , good luck and well done to any who did .
1p when I posted on 17th , 13 days ago.
Can we sell half of it if not all
Hypothetically what share price would we get if we sold the license ?
Maybe an even better solution, would be to sell the licence to Petrobangla (the GOB body), and let them do a JV with Power China to develop it.
-That way Bangladesh has the coal back in house, and they won't need to be paying any foreign company, (even Chinese), for their own coal.
-
-Mine your own coal----no import costs ---no drain on FX-----supply constant fuel to Rampal, Payra, Barra, and the others and no more down time at those plants and therefore no more Capacity Charges.
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-Even though the world is against the use of coal----this is NOT new usage, --just replacing imported coal for home produce----the CO2 output is the same ---or maybe even less as Phulbari coal is better quality.
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-So yes Stokes, i fully agree----GCM is not a Bangladesh company, and would still need paying for the coal-- that could well be the major problem here, and why we have never been given the GL.
Best outcome for the company would be too attempt to sell the license to Powerchina if they are still interested in the project.
I think a big problem is that the Bangla Government don't want GCM to be involved in the project.
AIM truly is one murky mudder!
GCM may just about be breathing on life support but where there is life there is hope 🙏
5 months on buying at the 2.5p placing a big mistake .
1p now down another 10% today spread over 11%.
Just waiting on a few bad investments to rise from the dead , must be a lot of investors who's life has not lasted the wait .
Polo has disappeared it seems. Why anyone would buy this dawg after that I dont know. Maybe ask Tang where the money is? His investment in this was always a disaster.
Bought back the sale on 6th , one week on.
At the 2.5p placing price.
i'm not investing any more in any of tang's ventures. twice bitten.....
i do wonder who the "new institutional and professional investors" are and whether any of them are aware of tang's historical treatment of shareholders of polo and gcm. he's a class a ****. why would anyone go near him? is he likely to treat "new institutional and professional investors" any better than us private investors? are they "new" because no "existing" investor is willing to fund him any longer?
my only solace is thinking/hoping tang has lost much more than i have in these failed ventures, even after milking them for his director's fees etc.
Frustrating over reaction on the SP but they must have had a hard time flogging half a mil. I've bought £2k more but the saying goes 'don't throw good money after bad'. Glutton for punishment :(
I managed to top up by buying on the market at 2.5p. Once again this is showing on recent trade data as a sell.
Placing 2.5p £500,000 raised .
Held yesterdays 40% rise plus another 17% today spread showing 25%
I’m a glass half full on this. I agree that they have little option. We’ve said it’s now or never before but surely this must be the time. Re getting the PR done and out there - isn’t this what we pay DGI for?!?! If they can’t promote own coal now then…..
Possible but unlikely IMHO, my buys weren't done for that reason but were based on my take of info received and reading press articles and my belief we were bottoming out, there was only one unusually large trade in amongst many other 'regular' sized trades. Don't dispute there is a need for cash, it's in the company update and think it will be interesting to see where it comes from, personally think it will be in house (Michael Tang/Polo or run through another pal/associated entity) and if that is the case they would have been keeping the price down not trying to lift it. Personally think the country has no other option than to finally approve lifting the coal, it's all coming on top with the bad, probably vested interest deals. and they need a big PR push for the coming months on energy security. All the signs are there in the numerous press articles, its big news in the BD press and when you have no electricity you get very peeved off, they need hope for the future
Well the facts are that …..
The country can’t afford to continue importing!
Suppliers will no longer import more coal without bing paid!
The press is now full of articles writing about their concerns!
The public are now starting to protest in the streets!
Businesses can no longer continue to run without more electricity!
Hasina really has backed herself into a corner… is she going to make the decision that she should of made a long time ago that would have saved the country from being in the situation it’s in now, or is she just going to carry on as she has and hope and pray that some miracle turns up and that she wins the next election…
There are a lot more people of influence that are shouting for the use of their own coal and the up and coming budgets total focus is on energy ….
Fingers crossed that she is finally going to do the right thing !!!
Tbh I’d rather be sh*t or bust now. This is just dragging…… at least if they go pop it will stop me looking at the GCM ticker!
Well this may well be the best time to execute a raise and then hopefully kick on with a real purpose.
The fact that no parties has left the GCM ship in all this time is encouraging, like they believed the current upheaval and turmoil was inevitable in the long run.
fingers crossed and GLA 🤞🙏🏼
Yes, you’re right Teddy, I think the interesting thing this time around and the thing imo that will see if any progress has been made is who’s involved in the fund raise ….
I’m guessing that we won’t have long to wait now before we find out!
Teddy, unfortunately the rise isn’t based on any news so yeah I can see that.
AIM will always be a murky place!
Didn’t this happen last time they needed a cash raise?? Took the price up to c. 13p over 2 days then raised via existing or new institutions? I hope this is different
Sold a tranche at 4pm for 3.9p.
Up 40% no real news.
Seems longer then just last November I sold some for 7p.